With GameStop, Roaring Kitty Channels His Inner Warren Buffett
(Bloomberg Opinion) -- Roaring Kitty and the Oracle of Omaha may have more in common than you think. GameStop Corp.’s wild ride this year shows how.
It’s only March and already the video-game retailer’s stock has had two epic rallies and one stunning collapse this year, a product of rampant speculation and a short squeeze. While many investors have been bruised by the day-to-day stock movement, Keith Gill — better known as “Roaring Kitty” on YouTube and a favorite of the Reddit crowd — has been able to profit from the stock-price volatility by putting his emotions aside and placing well-timed, reasoned bets amid the frenzy. In this way, he’s taken a page from fabled value investor Warren Buffett and may serve as an example to other investors looking to minimize the damage from what may be further violent market swings.
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Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.
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